The managers of the UK’ top-performing venture capital trust are looking to raise 35m with a second VCT.
Foresight 2 VCT aims to provide investors with attractive returns from a portfolio of unquoted UK high-growth companies. Minimum investment is 2,000 and the closing date is April 5, 2005.
VCTs have been given a boost this year after the Government announced they will be entitled to 40 per cent income tax relief for two years.
The Foresight Technology VCT is the top-performing VCT out of 78 launched since 1996. It is showing a total return of 247p on an investment of 100p. It has paid out dividends of 1 per share in 2000 and 52p per share this year.
Foresight Technology VCT board director Bernard Fairman says: “Our aim for Foresight 2 VCT is to tap into periods of rapid growth in a range of developing unquoted companies. We expect that the many new Aim funds will provide our new VCT with improved exit routes.”